The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1887-01-29
CONDITION OF THE MARKETS.
Wheat Decidedly Active, Accompanied
by Heavy Feeling and Lower Prices.
Corn Dull but Steady Within Narrow Range
fFluctuations-0a Oats Dulland Unchanged
Provisions Active and Quite Firm.
MONEY, BONDS AND STOCKS.

Tao Market Shows Evidence of Increased
Strength and Firmness.
NEW YORK, JAM 2S.-Money call was
easy at "a per cent. closing at p per cent.
Prime mercantile paper 81 a6a per cent.
Sterling exchange was dull, but steady and
UNCHANGED.
The total sales of stocks to-day were 243, 25l
shares, including the following: Delaware,
Lackawanna & Western, &C. 106 Erie IL $50;
Kansas & Texas, $3.50; Lake Shore 1905;
louisville & Nashville, TO- $50; New Jersey Cen
trail 3645; New York Central, $500; New Eng.
land 1910; Ohio & Mississippi, 3,160; Reading,
AZ. 400; ST. Paul 20, $40; Texas & Pacific, 6,3lO;
Union Pacific, 1870; Western Union, 5,465
Government bonds and State bonds were dull
and steady.
Tire stock market showed another change in
the temper of the local speculation. and while
there. was no evidence of an increased demand,
the dealings were characterized by much frmer
nndertone. There was some selling by London
In the early morning, which covered most of the
specialties with which that interest is identified.
Notwiths landing this, however, the market
showed such decided strength that reports were
circulated to the effect that London shorts"
were endeavorlng to cover in this market There
was undoubtedly considerable covering of short
contracts, while the "bulls" gave more support
to the specalties than has been usual of late
The impression that the President may veto
she interstate-commerce bill has gained ground
somewhat in the past few days,
which aided the prevailing confident feeling.
In the afternoon several rumors of trouble with
laborers and strikers created bearish feeling
for the time, but before the close this had en-
tirely disappeared. The trading was still mainly
professional. and outside of the coal stocks and
Richmond e. West Point, which latter became
the feature late in the day, there was nothing of
interest in the market. The opening was weak
with prices / to below last evenings final fig
ures There was q moderately active business
in the first hour, when about two-ff of the
business for the entire day was transacted. The
market strong from the opening and under
the lead of Union Pacific and New England
gains were made over the entire list in the first
hour Prices continued firm. however, until
shortly after noon, when the market
sagged off slightly, being at the time
extremely dull Richmond q West Point then
came into prominence. and In the last hour
showed decided strength, the general list re-
spoEding toward the close. which was firm and
auiet at or near the best prices reached. Sales.
243, 251 shares. The active list shows advances
for nearly everything.
Railroad bonds were more active; sales, 81,
2S4 OOO The Texas Pacific issues were the
special feature of the day, and the sales of the
Rio Trust receipts were 1926, 900. There was
very little movement to prices in the general list
and final changes are about equally divided be-
tween small gains and losses. Central Iowa
frsts, coupon off lost g. at 81 Knoxville & Ohio
firsts, FL, at g5A: New Orleans Pacific trust re
ceipts. 2arat 49, Closing quotations We're:
Three per cent bonds1Oo louisville & N shville 60
Four Der cent bonds 128SsfE.. N. A. No.. So
bour and q half per c. 1i0ls Mar & Gin. 1st pref -.
Pacific Is of 95. Aler 3 Gin seconds. 80.